|
Report No. : |
328167 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DHAKA TRADING HOUSE LTD. |
|
|
|
|
Registered Office : |
Baitul Abed Building (Level # 11), 53, Purana Paltan, Dhaka-1000 |
|
|
|
|
Country : |
Bangladesh
|
|
|
|
|
Date of Incorporation : |
21.12.2010 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Processing and Exporter of Raw Jute |
|
|
|
|
No. of Employees : |
175 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Bangladesh |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BANGLADESH - ECONOMIC OVERVIEW
Bangladesh's economy has grown roughly 6% per year since
1996 despite political instability, poor infrastructure, corruption,
insufficient power supplies, slow implementation of economic reforms, and the 2008-09
global financial crisis and recession. Although more than half of GDP is
generated through the service sector, almost half of Bangladeshis are employed
in the agriculture sector with rice as the single-most-important product.
Garment exports, the backbone of Bangladesh’s industrial sector, accounted for
more than 80% of total exports and surpassed $18 billion in 2014. The sector
has remained resilient in recent years amidst a series of factory accidents
that have killed over 1,000 workers and crippling strikes that shut down
virtually all economic activity. Steady garment export growth combined with
remittances from overseas Bangladeshis - which totaled $14 billion and 8% of
GDP in 2014 - are the largest contributors to Bangladesh’s current account surplus
and rising foreign exchange holdings.
|
Source
: CIA |
IDENTIFICATION DETAILS
|
||
|
Correct company Name |
: |
DHAKA TRADING HOUSE LTD. |
|
Head Office |
: |
Baitul Abed Building (Level # 11), 53, Purana Paltan, Dhaka-1000,
Bangladesh. |
|
Tel No |
: |
88-02-9569890 |
|
Fax No |
: |
88-02-9514825, 9569678 |
|
E-mail |
: |
dthljute@yahoo.com, dhakajutekhulna@gmail.com |
|
Website |
: |
www.dthljute.com |
|
Date/ Year of Incorporation |
: |
21.12.2010 |
|
Incorporation No. |
: |
C-88991 |
|
Legal Form (General) |
: |
Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify)
________________ |
|
Legal form (Specific) |
: |
LTD CORP INC CO others (please specify)
________________ |
|
Issuing Authority |
: |
Registrar of
Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE) |
FINANCIALS- SUMMARY
|
|||
|
Year |
Turnover/
Sales |
Assets |
Income |
|
July’ 12~June’
13 |
BDT 281 Million |
BDT
222.5 Million |
BDT 13.21 Million |
|
July’ 13~June’
14 |
BDT 192 Million |
BDT 228.39 Million |
BDT 10.36 Million |
|
Exchange Rate |
USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286 |
CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399 |
|
FULLCHECK
REPORT DETAILS
|
||
|
Information Parted By |
||
|
|
|
|
|
Name |
: |
Mr. Sheik
Shahidul Islam. |
|
Designation |
: |
Director. |
|
Contract No |
: |
88-01711432671 |
|
Locations
Details |
||
|
Operating Address |
: |
Baitul Abed Building (Level # 11), 53, Purana Paltan, Dhaka-1000,
Bangladesh. |
|
Tel No |
: |
88-02-9569890 |
|
Fax No |
: |
88-02-9514825, 9569678 |
|
E-mail |
: |
dthljute@yahoo.com, dhakajutekhulna@gmail.com |
|
Website |
: |
www.dthljute.com |
|
Location : |
: Owned |
|
Rented |
Ö |
|
Leased |
|
Area |
2800 |
Sq. ft. |
|
Type of Office : |
:
Commercial Office Bldg. |
Ö |
|
Semi-commercial
office Bldg. |
|
|
|
Retail shop |
|
|
Industrial Park |
|
|
|
|
Business Center |
|
|
Home Office |
|
|
|
|
Residential Bldg. |
|
|
|
|
|
|
Warehouse: |
|
|
|
Address |
: |
RailGate, Daulatpur, Khulna, Bangladesh. |
|
Tel No |
: |
88-041-774589 |
|
Fax No |
: |
88-041-774578 |
|
Owned |
|
|
Rented |
Ö |
|
Leased |
|
Area |
65000 |
Sq. ft. |
|
Branches: |
|
|
|
Address |
: |
Baitul Khair, (12th Floor),
48/A-B, Purana Paltan, Dhaka-1000, Bangladesh. |
|
Tel No |
: |
88-02-9569890, |
|
Fax No |
: |
88-02-9514825, 9569678 |
|
Employee: |
|
|||||||
|
|
|
|||||||
|
No. of Employees |
In Office |
: |
28 |
Warehouse |
: |
147 |
||
|
In Branch: |
: |
- |
Total |
: |
175 |
|||
|
Details: |
|
|
|
|||||
OWNERSHIP/
SHAREHOLDERS
|
|
|
Names of Shareholders |
No. of
Share |
|
Mr. Al-Haj Md. Tipu Sultan |
450000 |
|
Mr. A. K. M. Barkatullah |
250000 |
|
Mr. Abul Kalam Md. Rafiqul Islam |
250000 |
|
Mr. Sheikh Shahidul Islam |
50000 |
DIRECTORS
|
|
|
Name |
Designation |
|
Mr. A. K. M. Barkatullah |
Chairman |
|
Mr. Al-Haj Md. Tipu Sultan |
Managing Director |
|
Mr. Abul Kalam Md. Rafiqul Islam |
Director |
|
Mr. Sheikh Shahidul Islam |
Director |
MANAGEMENT
|
||
|
Name |
: |
Mr. Sheik
Shahidul Islam. |
|
Job Description |
: |
Director. |
|
Nationality |
: |
88-01711432671 |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
|
|
|
|
|
Name |
: |
Mr. Jasim Uddin. |
|
Job Description |
: |
Officer. |
|
Nationality |
: |
Bangladeshi. |
|
Email address |
: |
N/A |
|
Other details |
: |
N/A |
BUSINESS
OPERATIONS
|
||||||||
|
Nature of Activity : |
Processing |
Ö |
Trader |
|
Dealer |
|
Distributor |
|
|
|
|
|||||||
|
|
Exporter |
Ö |
Importer |
|
Services |
|
Others |
|
|
Item Dealings
In: |
||
|
|
||
|
Products |
: |
Raw Jute,
|
|
Production Capacity |
: |
N/A |
|
Last Year
Production |
: |
N/A |
Trading Terms:
|
Purchasing Terms: |
L/C |
|
Cash |
Ö |
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
|
90 days |
Ö |
0 |
days |
|
Selling Terms : |
L/C |
Ö |
Cash |
|
Others |
|
|
|||
|
|
Credit : |
|
30 days |
|
60 days |
Ö |
90 days |
|
|
days |
DETAILED
DATA
|
|
|||||||||
|
Trade Reference
& Related Parties |
: |
Overseas Clients |
: |
N/A |
Local Clients |
: |
N/A |
|
||
|
Overseas Suppliers |
: |
N/A |
Local Suppliers |
: |
N/A |
|
||||
|
Trade Markets |
: |
Exports |
: |
China, India, Pakistan |
|
|||||
|
Imports |
: |
N/A |
|
|||||||
|
Brand Name |
: |
N/A |
||||||||
|
Certified |
: |
N/A |
||||||||
|
Auditors |
: |
N/A |
||||||||
|
Operation Status |
: |
Active. |
||||||||
|
Member |
: |
Bangladesh Jute Association. |
||||||||
CAPITAL STRUCTURE
|
|
||||||||
|
Authorized
Capital |
: |
BDT 500 Million. |
|
||||||
|
Paid-up Capital |
: |
BDT 10, 00,00,000 |
No. of Shares |
: |
10, 00,000 |
Share
Value |
: |
BDT 100.0Each |
|
|
Main Assets |
: |
BDT 228.39 Million |
|
||||||
FINANCIAL
STATEMENT- DETAILED
|
|
The subject company don’t submit update full
financial figure to local registry office. |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
|
||
|
Sister Concerns |
: |
N/A |
|
Subsidiary |
: |
N/A |
|
Name of The Group |
: |
N/A |
BANKING
|
|
|
|
Bank Name
|
: |
Rupali Bank Ltd. |
|
Bank Address |
: |
Daulatpur, Kkulna. Khalishpur, Kkulna |
ADVERSE
DATA MONITORING
|
||
|
Dishonored Checks |
:
|
No Record Found |
|
Debt |
: |
No Record Found |
|
Litigation |
: |
Clear |
|
Performance Defaults |
: |
No Record Found |
|
Adverse Local Media Coverage/ Adverse Filling History |
: |
No Record Found |
SITE
VISIT COMMENTARY
|
|
Our Representative Visited the subject company Head office which is
situated at Level # 11, 53, Purana Paltan, Dhaka-1000, Bangladesh. It is situated at commercial area which is a well
decorated modern office. |
GENERAL
COMMENTS
|
|
The subject company is engaged in Processing & Exporter. It is
reputed company in this line of business. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.